Pass-Through Royalties Sample Clauses
The Pass-Through Royalties clause establishes that royalties received by a party under an agreement must be passed on, in whole or in part, to another party, typically when the first party is sublicensing or distributing a product that incorporates third-party intellectual property. In practice, this means if a licensee sublicenses a patented technology to another entity and receives royalty payments, a portion of those payments must be remitted to the original licensor according to the agreed terms. This clause ensures that the original rights holder receives appropriate compensation for downstream uses of their intellectual property, preventing loss of revenue through sublicensing arrangements.
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Pass-Through Royalties. In the event of sublicensing, Prosensa shall, in addition to the royalties on Net Licensing Income, pay a royalty on Net Sales generated by the sublicensees as follows: On Net Sales of Products the sale or manufacture of which is covered by a Valid Claim of a LUMC Patent Right ***** ***** ***** On Net Sales of Products the sale or manufacture of which is not covered by at least one Valid Claim of the LUMC Patents Rights but is covered by at least one Valid Claim of an Existing Joint Patent Right ***** ***** ***** On Net Sales of Products the sale or manufacture of which is not covered by a Valid Claim of an LUMC Patent Right or an Existing Joint Patent Right, but is covered by a Valid Claim of a Future Joint Patent Right ***** is applicable in the default situation of article *****. If the ownership percentages differ, the starting point for deductions is ***** ***** is applicable in the default situation of article *****. If the ownership percentages differ, the starting point for deductions is ***** ***** is applicable in the default situation of article *****. If the ownership percentages differ, the starting point for deductions is ***** On Net Sales of Products not covered by any Valid Claim of a LUMC Patent Right or Joint Patent Rights in the country of sale or manufacture of such Product ***** ***** *****
Pass-Through Royalties. With respect to Products, Isis will be responsible for paying the pass through royalties or other compensation payable by Isis under (i) the [***], (ii) the [***] and (iii) except as provided under Section 4.6.2, any other agreement executed by Isis under which agreement Isis has agreed to pay a Third Party royalties based upon sales of the Product.
Pass-Through Royalties. Each Party shall be solely responsible for paying any royalties which may be due to Third Parties with respect to such Party’s Intellectual Property.
Pass-Through Royalties. In the event the licenses granted by Isis under Article 3 would include rights licensed to Isis by a third party, Isis shall inform Merck prior to providing such rights to Merck, and shall advise Merck of any payments that would be due to the third party. In the event that Merck is agreeable to making such payments, Isis will include the third party rights in the license grant to Merck. The parties will discuss in good faith a reasonable apportionment to Merck of fees which are not measured by Net Sales of Compounds or Licensed Products.
Pass-Through Royalties. In consideration for the licenses granted herein:
(a) Rigel agrees to pay any amounts which CG is required to pay to Rockefeller University under the CG License as a result of CG's grant to Rigel of license rights to CG Patents or CG Know-How to Rigel or the exercise of the license rights granted by CG under the CG License.
(b) Rigel agrees to pay CG (i) [ * ] for the license granted to Rigel hereunder to CG Patents related to the [ * ] cell lines, and (ii) [ * ] for each sublicense granted by Rigel under this Agreement.
(c) CG agrees that in the event CG exercises its option to obtain a license pursuant to Section 2.2(a) above, CG will pay any amounts which Rigel is required to pay to Stanford University under the Rigel Licesne as a result of ▇▇▇▇▇'▇ ▇▇▇▇▇ to CG of license rights to Rigel Biolgoical Material or Rigel Know-How to CG or the exercise of the license rights granted by Rigel under the Rigel License. It is understood that unless and until CG obtains such license rights from ▇▇▇▇▇, ▇▇ shall not be obligated to pay to Rigel or to Stanford University any amounts that Rigel is required to pay to Stanford University under the Rigel License.
Pass-Through Royalties. In the case of sublicenses, Antalium shall pay to Nortran, as royalty, twenty percent (20%) of all sub- licensing revenues including all milestone payments, once collected. Milestone payments to Nortran in accordance with Section 6.2, are excluded from such pass-through royalties for greater certainty, bulk sales of Product to a third party shall be considered as sub- licenses and therefore subject to the 20% royalty rate.